A-B Q1 Call: Mostly Tailwinds, With a Late-Year Lookout

Dear Client: To hear Anheuser-Busch's Q1 results and category outlook – and mull the extra lift the World Cup may bring – we're sure feeling a lot better about the beer industry than we were last year at this time (which was especially choppy). There were some choice quotes from chief Michel Doukeris on yesterday’s earnings call about tailwinds, including A-B's apparently very long beyond beer runway in the U.S. (despite Cutwater already ranking as the no. 1 share gaining